Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0030%/8h= +3.3% APRpaid last 24h +0.026%

Price spread now: GRVT against gTrade (Gains Network)−0.390%68s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

Funding pays, the price is against you. GRVT is 0.390% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.390% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$39 on $10k: about 43 days of funding at the current rate (+$1 a day). The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) AVAX/USD	10.761	L +0.0002% / S −0.0003%	pay 0.0000% / 1h	54m 09s	$12K	—	150x
Short	GRVT AVAX_USDT_Perp	10.719	0.0032	get 0.0032% / 8h	7h 54m	$345K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against gTrade (Gains Network). Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee gTrade (Gains Network)bpFee GRVTbpOrdersPrice spread, now −0.390%Rate

Funding earned: $6.38
Price spread: −0.390% → 0.000%: −$39.03
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$51.65
Costs to cover: 0.190%
Break-even: 63.7 days

Slippage unknown: gTrade (Gains Network): no order-book sample; GRVT: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell GRVT live order book, 4 min ago	0.47 bp	9.9 bp −$10	15.3 bp −$153	doesn't fit	doesn't fit

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

AVAX on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado AVAX-PERP	−0.0323%	1h	10.771	+0.093%	$291K	$324K	10x	as long as short
Kraken Futures PF_AVAXUSD	−0.0266%	1h	10.765	+0.040%	$3.8M	$11.6M	50x	as long as short
Variational Omni AVAX	−0.0075%	8h	10.715	−0.430%	$2.9M	$2.1M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.739	−0.203%	$92K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.766	+0.046%	$4.9M	$6.8M	25x	as long as short
gTrade (Gains Network) AVAX/USDlong	L +0.0002% / S −0.0003%	1h	10.761	long leg	$12K	—	150x
Gate AVAX_USDT	+0.0011%	8h	10.772	+0.102%	$13.4M	$28.5M	75x	as long as short
GRVT AVAX_USDT_Perpshort	+0.0032%	8h	10.719	−0.390%	$345K	$1.2M	10x
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−0.009%	$17K	$151K	12x	as long as short
Phemex AVAXUSDT	+0.0076%	8h	10.764	+0.028%	$28.7M	$5.7M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX AVAX-USD	+0.0092%	1h	10.763	+0.019%	$18K	$68K	10x	as long as short
Paradex AVAX-USD-PERP	+0.0093%	8h	10.768	+0.066%	$12K	$212	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.762	+0.009%	$1.2M	$2.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.773	+0.112%	$25K	$465K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.782	+0.195%	$37.1M	$39.9M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.763	+0.014%	$2.2M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.741	−0.184%	$270K	$128K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.764	+0.025%	$113.9M	$400.4M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.759	−0.019%	$84.1M	$139.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.759	−0.019%	$18.9M	$107.0M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.765	+0.037%	$52.9M	$78.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.765	+0.037%	$13.9M	$21.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.759	−0.019%	$32.8M	$45.7M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.764	+0.028%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.765	+0.037%	$438K	$532K	15x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.722	−0.362%	$173K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.776	+0.139%	$135K	$287K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.773	+0.112%	$233K	$254K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.797	+0.337%	$12K	$769K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.762	+0.014%	$332K	$873K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.761	−0.001%	$601K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.759	−0.014%	$247K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.774	+0.121%	$841K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.724	−0.344%	$4.7M	$5.4M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.770	+0.082%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.772	+0.101%	$227K	—	120x	as long as short